S&P is putting Microsemi's (MSCC -1.5%) debt, already rated at junk level, on negative...

|About: Microsemi Corporation (MSCC)|By:, SA News Editor

S&P is putting Microsemi's (MSCC -1.5%) debt, already rated at junk level, on negative watch, following the company's hostile bid for Zarlink Semiconductor (ZLKKF.PK). S&P is worried about the deal's potential to create a sharp increase in leverage for Microsemi's balance sheet, which already contains more debt than cash.